Use Apple’s financial statements in Appendix A to answer the following.

1. How many shares of Apple common stock are issued and outstanding at 

(a) September 29, 2018, 

(b) September 30, 2017?

2. What is the total amount of cash dividends paid to common stockholders for the years ended

(a) September 29, 2018, 

(b) September 30, 2017?

3. Identify basic EPS amounts for fiscal years (a) 2018 and (b) 2017.

4. Is the change in Apple’s EPS from 2017 to 2018 favorable or unfavorable?

5. If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback?